A Director at Dorchester Minerals LP (NASDAQ: DMLP) is Buying Shares

By Carrie Williams

Today, a Director at Dorchester Minerals LP (NASDAQ: DMLP), Robert Vaughn, bought shares of DMLP for $91.01K.

Following this transaction Robert Vaughn’s holding in the company was increased by 1.22% to a total of $7.55 million. Following Robert Vaughn’s last DMLP Buy transaction on July 05, 2017, the stock climbed by 0.8%.

Based on Dorchester Minerals LP’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $12.48 million and quarterly net profit of $6.95 million. In comparison, last year the company earned revenue of $10.68 million and had a net profit of $6.42 million. The company has a one-year high of $19.30 and a one-year low of $13.90. DMLP’s market cap is $472.9M and the company has a P/E ratio of 15.10.

The insider sentiment on Dorchester Minerals LP has been positive according to 19 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Robert Vaughn’s trades have generated a 7.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Dorchester Minerals LP engages in the acquisition, ownership, and administration of Royalty Properties, which is a producing and non-producing oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests. The company was founded in December 2001 and is headquartered in Dallas, TX.